-71 (a) The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $523,000, what is the amount of current liabilities? Current Liabilities $ (b) A company had an average inventory last year of $210,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year? (Round answer to 0 decimal places, eg. 125.) Average Inventory $ (c) A company has current assets of $95.000 (of which $38.000 is inventory and prepaid items) and current liabilities of $38.000. What is the current ratio? What is the acid-test ratio? If the company borrows $13.000 cash from a bank on a 120-day loan. what will its current ratio be? What will the acid-test ratio be? (Round answers to 2 decimal places, eg. 2.50.) Current Ratio :1 Acid Test Ratio - Acid Test Ratio 1 New Current Ratio :1 New Acid Test Ratio :1 (d) A company has current assets of $604,000 and current liabilities of $218,000. The board of directors declares a cash dividend of $183,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places, eg. 2.50.) Current ratio after the declaration but before payment :1 Current ratio after the payment of the dividend :1